Tuesday, 17 September 2019

Questions (134)

Catherine Murphy


134. Deputy Catherine Murphy asked the Minister for Finance the overall amount to date issued by way of settlement and or compensation in instances in which IBRC is and or was a defendant in cases regarding allegations of mis-selling of swaps and investments, mismanagement, negligence, breach of contract and breach of duty in view of the fact that the State is party to these cases; and if he will make a statement on the matter. [37609/19]

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Written answers (Question to Finance)

I am advised by the Special Liquidators that any cases that IBRC has settled concerning the mis-selling of swaps and investments are subject to strict confidentiality agreements between the parties, which prohibit disclosure of any details pertaining to the settlement, and which also includes costs.